СÀ¶ÊÓƵ

ENGLEWOOD, Colo., Feb. 25 /PRNewswire-FirstCall/ -- СÀ¶ÊÓƵ ("СÀ¶ÊÓƵ") (Nasdaq: LCAPA, LCAPB, LINTA, LINTB, LSTZA, LSTZB) today announced that its board of directors has approved the following, effective immediately:

    --  the change in attribution from the СÀ¶ÊÓƵ Interactive tracking stock
        group ("СÀ¶ÊÓƵ Interactive") to the СÀ¶ÊÓƵ Capital tracking stock
        group ("СÀ¶ÊÓƵ Capital") of the approximately 14.6% stake in Live
        Nation Entertainment, Inc. ("Live Nation") (NYSE: LYV) СÀ¶ÊÓƵ currently
        owns;
    --  the change in attribution from СÀ¶ÊÓƵ Capital to СÀ¶ÊÓƵ Interactive of
        the following debt securities issued by СÀ¶ÊÓƵ Media, LLC, a subsidiary
        of СÀ¶ÊÓƵ:
        o $469 million in principal amount of 4% Exchangeable Senior Debentures
          due 2029 (the "2029 Exchangeables");
        o $460 million in principal amount of 3.75% Exchangeable Senior
          Debentures due 2030 (the "2030 Exchangeables"); and
        o $491.7 million in principal amount of 3.5% Exchangeable Senior
          Debentures due 2031 (the "2031 Exchangeables");
    --  the change in attribution from СÀ¶ÊÓƵ Capital to СÀ¶ÊÓƵ Interactive of
        an aggregate of $830.2 million in net taxable income to be recognized
        ratably in tax years 2014 through 2018 as a result of the cancellation
        in April 2009 of $400 million in face amount of 2029 Exchangeables and
        $350 million in face amount of 2030 Exchangeables; and
    --  the change in attribution from СÀ¶ÊÓƵ Capital to СÀ¶ÊÓƵ Interactive of
        $807 million in cash.

Gregory B. Maffei, СÀ¶ÊÓƵ President and CEO, said, "Today we have announced a change in the attribution of three issuances of our exchangeable debt as well as our existing stake in Live Nation.  The amount of cash reattributed to the СÀ¶ÊÓƵ Interactive group is sufficient to pay the 2013 debt maturities attributed to СÀ¶ÊÓƵ Interactive in full.  In addition, we believe that the reattribution of this exchangeable debt puts these issuances of long-term debt with unique tax characteristics in the hands of the tracking stock group that is best positioned to take advantage of those tax characteristics, and will have positive effects on the liquidity and free cash flow of the СÀ¶ÊÓƵ Interactive group.  Also, since СÀ¶ÊÓƵ has recently made a cash tender offer for an additional stake in Live Nation on behalf of the СÀ¶ÊÓƵ Capital group, the reattribution of our existing interest will allow our entire Live Nation stake to reside in the single tracking stock group best positioned for that investment.  Finally, we believe that this reattribution improves the capital structure attributed to СÀ¶ÊÓƵ Interactive and provides increased flexibility for our tracking stock groups."  

Additional information regarding this change in attribution is contained in a Current Report on Form 8-K being filed by СÀ¶ÊÓƵ with the Securities and Exchange Commission ("SEC") today.  Copies of this filing may be obtained for free from the SEC's website, .

About СÀ¶ÊÓƵ

СÀ¶ÊÓƵ Media owns interests in a broad range of electronic retailing, media, communications and entertainment businesses. Those interests are attributed to three tracking stock groups: (1) the СÀ¶ÊÓƵ Interactive group (NASDAQ:  LINTA, LINTB), which includes СÀ¶ÊÓƵ Media's interests in QVC, Provide Commerce, Backcountry.com, BUYSEASONS, Bodybuilding.com, IAC/InterActiveCorp, and Expedia, (2) the СÀ¶ÊÓƵ Starz group (NASDAQ:  LSTZA, LSTZB), which includes СÀ¶ÊÓƵ Media's interests in Starz Entertainment and ViaSat, Inc., and (3) the СÀ¶ÊÓƵ Capital group (NASDAQ:  LCAPA, LCAPB), which includes all businesses, assets and liabilities not attributed to the Interactive group or the Entertainment group including its subsidiaries Starz Media, LLC, Atlanta National League Baseball Club, Inc., and TruePosition, Inc., СÀ¶ÊÓƵ Media's interest in SIRIUS XM Radio, Inc., and minority equity investments in Time Warner Inc. and Sprint Nextel Corporation.

Contact: Courtnee Ulrich

         (720) 875-5420

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